Granite Investment Partners LLC Has $17.80 Million Stock Holdings in Signet Jewelers Limited (NYSE:SIG)

Granite Investment Partners LLC lessened its position in Signet Jewelers Limited (NYSE:SIG) by 11.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 198,744 shares of the company’s stock after selling 26,598 shares during the period. Granite Investment Partners LLC owned about 0.45% of Signet Jewelers worth $17,803,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nordea Investment Management AB boosted its stake in shares of Signet Jewelers by 25.0% in the 1st quarter. Nordea Investment Management AB now owns 76,951 shares of the company’s stock valued at $7,627,000 after purchasing an additional 15,376 shares in the last quarter. Cetera Advisors LLC bought a new position in shares of Signet Jewelers in the first quarter valued at about $1,093,000. Illinois Municipal Retirement Fund lifted its position in Signet Jewelers by 97.3% during the 1st quarter. Illinois Municipal Retirement Fund now owns 45,593 shares of the company’s stock worth $4,562,000 after buying an additional 22,482 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in Signet Jewelers during the 4th quarter worth about $1,370,000. Finally, Boston Partners acquired a new position in Signet Jewelers during the 1st quarter worth about $1,088,000.

Wall Street Analysts Forecast Growth

SIG has been the topic of several research reports. Telsey Advisory Group reduced their price target on shares of Signet Jewelers from $105.00 to $87.00 and set a “market perform” rating on the stock in a research report on Monday, September 9th. Wells Fargo & Company reduced their price target on shares of Signet Jewelers from $125.00 to $105.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 27th. StockNews.com upgraded shares of Signet Jewelers from a “hold” rating to a “buy” rating in a research report on Monday. UBS Group reduced their price target on shares of Signet Jewelers from $145.00 to $132.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Finally, Bank of America reduced their price target on shares of Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, September 13th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Signet Jewelers presently has an average rating of “Moderate Buy” and a consensus price target of $108.60.

Insider Activity at Signet Jewelers

In related news, Director Eugenia Ulasewicz sold 3,334 shares of the stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $87.94, for a total value of $293,191.96. Following the sale, the director now directly owns 29,418 shares in the company, valued at approximately $2,587,018.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Eugenia Ulasewicz sold 3,334 shares of the stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $87.94, for a total value of $293,191.96. Following the sale, the director now directly owns 29,418 shares in the company, valued at approximately $2,587,018.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jamie Singleton sold 18,105 shares of the stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $83.11, for a total value of $1,504,706.55. Following the sale, the insider now directly owns 162,942 shares of the company’s stock, valued at $13,542,109.62. The disclosure for this sale can be found here. Insiders have sold 53,202 shares of company stock worth $4,422,789 in the last ninety days. Company insiders own 3.26% of the company’s stock.

Signet Jewelers Trading Up 4.3 %

Signet Jewelers stock opened at $97.16 on Friday. Signet Jewelers Limited has a 1 year low of $65.12 and a 1 year high of $112.06. The company has a market cap of $4.33 billion, a PE ratio of 7.90, a PEG ratio of 1.04 and a beta of 2.10. The company’s 50-day moving average is $81.79 and its two-hundred day moving average is $91.96.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings results on Thursday, September 12th. The company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.11. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. Signet Jewelers had a net margin of 8.58% and a return on equity of 29.90%. Signet Jewelers’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same period last year, the company posted $1.55 EPS. Research analysts forecast that Signet Jewelers Limited will post 10.8 EPS for the current year.

Signet Jewelers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be given a $0.29 dividend. The ex-dividend date is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.19%. Signet Jewelers’s dividend payout ratio is 9.43%.

Signet Jewelers Company Profile

Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Outlet, Zales Jewelers, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile.